Foster Wheeler will undertake detailed engineering and provide procurement assistance and field engineering services for the new refinery, which is planned to process and refine 16,000 tpy of molybdenum feedstock and yield molybdenum as well as copper, rhenium and sulfuric acid.

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Foster Wheeler was awarded a contract for engineering,
procurement and related services on a grassroots molybdenum
refinery in Chile, the company
said on Tuesday.

The contract was awarded by MOLYB Ltd., an affiliate company
of CODELCO, the Chilean Copper Corp., the world's largest
copper producing company and also a leading molybdenum
concentrate producer.

The new facility, planned to be one of the largest of its
kind, will be located near Mejillones in northern Chile.

The terms of the award were not disclosed. The contract value
was included in the company's third-quarter 2013 bookings.

Foster Wheeler will undertake detailed engineering and
provide procurement assistance and field engineering services
for the new refinery, which is planned to
process and refine 16,000 tpy of molybdenum feedstock, obtained from various
CODELCO copper concentrator plants, expected to yield
molybdenum as well as copper, rhenium and sulfuric acid as
by-products.

Molybdenum and rhenium are used in electronics, special
steels, petroleum refineries and the aerospace
industry.

Foster Wheelers scope of work is scheduled to be
completed during the second quarter of 2015.

This latest award is a further important step in the
extension of our Minerals and Metals track record and in the
further development of our already excellent working
relationship with CODELCO, said Dave Lawson, president
of minerals and metals for Foster Wheeler.

This award reflects CODELCO's continued confidence in
the quality of our technical expertise in minerals processing
and our project execution," he added.

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